SINGAPORE - Singapore stocks got a solid tailwind help from higher oil costs and a rally on Wall Street after the United States national bank raised benchmark financing costs not surprisingly by a quarter point - the second climb in three months - however was less hawkish than anticipated on the pace of future rate climbs.
The Straits Times Index mobilized at the opening chime, lifted by the three banks and property blue chips including City Developments, UOL and CapitaLand. As at 9.10 am, the STI was up 0.55 for every Penny or 17.39 focuses at 3,154.82.
DBS was up 0.4 for each penny or 8 pennies to S$19.21, OCBC rose 0.3 for each penny or three pennies to S$9.68 and UOB was up 0.6 for every penny or 12 pennies at S$21.63.
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